The UK property market has been experiencing a slowdown, with house prices continuing to fall for the seventh consecutive month, according to Nationwide Building Society. This decline in prices has marked the biggest annual drop since July 2009.
With this in mind many homeowners are looking for ways to make their property more attractive to potential buyers,. We’ve carried out some research and found a number of minor tweaks that can help property owners sell their property quicker and potentially at a higher price.
One of the most effective ways to make a good first impression when selling a property is by boosting its kerb appeal. Key to influencing the buying decision is a home that looks attractive and well-maintained from the outside. And when it comes to the front door, its color can have a significant impact on a property’s value.
According to a recent study conducted by window and door retailer Safestyle, properties with red front doors sell for the highest average value (£413,279), which is 36% more than the national house price average (£290,003). This makes red the most lucrative door color, followed by grey (£353,589), black (£322,072), blue (£295,667), and white (£291,507).
In addition to the front door, the color of a room can also have a significant impact on buyers’ mood and willingness to buy a property. According to a study by Samsung Electronics, 30% of UK adults said they would be more likely to buy a home if the kitchen and living rooms were painted in “light grey,” the most preferred color.
The study also found that the colour of a room affects the mood of 79% of people, with red rooms making them feel angry, blue rooms making them feel cold, yellow rooms making them feel happy, and green rooms making them feel calm.
Furthermore, 33% of the nation claimed they would possibly walk away from a beautiful home if it were painted in colours they disliked, while 13% said they would definitely walk away.
In summary, these studies found that homeowners looking to sell their property in a declining market can increase their chances of a quicker sale and potentially at a higher price by making minor tweaks like choosing the right colours for their front door and rooms.
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